Russell Sage Foundation
  • Turning Citizens into Investors: Promoting Savings with Liberty Bonds During World War I
Figure 2. Liberty Bond Participation, Sample Counties Source: Authors’ calculations from data collected for the Fourth, Fifth, Eighth, Ninth, and Twelfth Federal Reserve Districts, and for the State of Iowa.
Figure 2.

Liberty Bond Participation, Sample Counties

Source: Authors’ calculations from data collected for the Fourth, Fifth, Eighth, Ninth, and Twelfth Federal Reserve Districts, and for the State of Iowa.

Direct correspondence to: Eric Hilt at ehilt@wellesley.edu, Department of Economics, Wellesley College, Wellesley MA 02481;
Wendy M. Rahn at rahnx003@umn.edu, University of Minnesota, 1414 Social Sciences Building, 267 19th Ave S., Minneapolis MN 55455.

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